New York Sample Letter for Request for Payment Plan concerning Default

• Category: Letters - Legal - Bankruptcy
• State: Multi-State
• Control #: US-0799LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Request for Payment Plan concerning Default Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to address an outstanding balance of $[Amount Owed] that I owe to [Company/Institution Name]. Due to unforeseen circumstances, I have encountered financial difficulties that prevent me from making the full payment at once. Hence, I am requesting your kind consideration in establishing a payment plan to resolve the default on my account. [If there are different types of New York Sample Letters for Request for Payment Plan concerning Default, name them:] Depending on the specific situation and the entity to which you owe the payment, you can opt for one of the following New York Sample Letters for Request for Payment Plan concerning Default: 1. New York Sample Letter for Requesting Payment Plan from a Business/Service Provider 2. New York Sample Letter for Requesting Payment Plan from a Utility Company 3. New York Sample Letter for Requesting Payment Plan from a Financial Institution I understand the importance of fulfilling my financial obligations on time and assure you that it is my intention to rectify this situation promptly. With this request, I aim to propose a mutually agreeable payment plan, which would allow me to gradually settle the outstanding debt over a specified period. After evaluating my financial resources and considering my other monthly obligations, I have devised the following proposed payment plan: 1. Total Amount Owed: $[Amount Owed] 2. Proposed Monthly Installment: $[Proposed Monthly Installment] 3. Duration of Payment Plan: [Number of Months/Years] I kindly request your cooperation and willingness to consider the proposed payment plan. Please understand that this is the maximum amount I can afford to pay at this time based on my financial circumstances. However, should my financial situation improve, I commit to increasing the monthly installment or repaying the remainder of the balance before the agreed-upon duration. I kindly request you to examine my situation empathetically and provide your approval for this payment plan within [specify a reasonable time frame, such as 10 business days]. I assure you that once the payment plan is agreed upon, I will strictly adhere to it and fulfill my financial obligation as per the provided terms. If you require any additional information or documentation to process this request, please let me know, and I will promptly provide whatever is necessary. I value your understanding and cooperation in resolving this matter amicably and avoiding any negative impact on my creditworthiness. Thank you for your attention to this matter. I eagerly await your favorable response. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Request for Payment Plan concerning Default Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to address an outstanding balance of $[Amount Owed] that I owe to [Company/Institution Name]. Due to unforeseen circumstances, I have encountered financial difficulties that prevent me from making the full payment at once. Hence, I am requesting your kind consideration in establishing a payment plan to resolve the default on my account. [If there are different types of New York Sample Letters for Request for Payment Plan concerning Default, name them:] Depending on the specific situation and the entity to which you owe the payment, you can opt for one of the following New York Sample Letters for Request for Payment Plan concerning Default: 1. New York Sample Letter for Requesting Payment Plan from a Business/Service Provider 2. New York Sample Letter for Requesting Payment Plan from a Utility Company 3. New York Sample Letter for Requesting Payment Plan from a Financial Institution I understand the importance of fulfilling my financial obligations on time and assure you that it is my intention to rectify this situation promptly. With this request, I aim to propose a mutually agreeable payment plan, which would allow me to gradually settle the outstanding debt over a specified period. After evaluating my financial resources and considering my other monthly obligations, I have devised the following proposed payment plan: 1. Total Amount Owed: $[Amount Owed] 2. Proposed Monthly Installment: $[Proposed Monthly Installment] 3. Duration of Payment Plan: [Number of Months/Years] I kindly request your cooperation and willingness to consider the proposed payment plan. Please understand that this is the maximum amount I can afford to pay at this time based on my financial circumstances. However, should my financial situation improve, I commit to increasing the monthly installment or repaying the remainder of the balance before the agreed-upon duration. I kindly request you to examine my situation empathetically and provide your approval for this payment plan within [specify a reasonable time frame, such as 10 business days]. I assure you that once the payment plan is agreed upon, I will strictly adhere to it and fulfill my financial obligation as per the provided terms. If you require any additional information or documentation to process this request, please let me know, and I will promptly provide whatever is necessary. I value your understanding and cooperation in resolving this matter amicably and avoiding any negative impact on my creditworthiness. Thank you for your attention to this matter. I eagerly await your favorable response. Sincerely, [Your Name]